April 17, Editor Bian Pube informed that in Tesla's home base of California, with the rising "anti-Musk" sentiment, Tesla's sales in the state have plummeted sharply, losing its dominant position in the electric vehicle market in the state.

California is the largest electric vehicle market in the United States, accounting for more than 30% of all zero-emission vehicle registrations nationwide last year, which is crucial to Tesla's sales performance in the U.S. According to media calculations, California accounts for nearly one-third of Tesla's sales in the U.S.

According to the latest data released by the California New Car Dealers Association (CNCDA), Tesla's registration volume in California in the first quarter fell by 15.1% year-on-year, marking six consecutive quarters of decline, and its market share of electric vehicles in the state dropped from 55.5% a year ago to 43.9%.

Given that overall sales of zero-emission vehicles in California increased by 7.3% in the first quarter this year, Tesla's declining sales are even more concerning.

Although Tesla's market share of electric vehicles in California has fallen below 50%, brands such as Honda, Ford, and Chevrolet under General Motors have expanded their market share in the state.

"Aging product lineup and strong opposition to Musk's political initiatives may be key factors behind Tesla's declining pure electric vehicle market share," CNCDA stated in a statement on Wednesday.

CNCDA also said that although the Model Y SUV remains the best-selling electric vehicle in the state, its sales volume in the first quarter declined by about 30% year-on-year.

CNCDA also expects that due to U.S. trade policy, the total number of new vehicle registrations in California will decrease by 2.3% compared to last year in 2025.

Recently, many cities in California have seen protests against Musk over his role during the Trump administration. Musk is leading the Department of Government Efficiency (DOGE) in a sweeping reform of the federal government, not only drastically cutting federal funds but also laying off large numbers of federal employees, causing strong dissatisfaction and protests.

Musk has also recently made politically charged remarks targeting several countries, especially European countries, and supported right-wing parties in Europe. This has sparked a "boycott Tesla" movement in Europe. In the first quarter, Tesla's global deliveries fell by 13%, far short of Wall Street expectations.

Tesla shares closed down nearly 5% on Wednesday, having plunged by about half since their peak in mid-December last year.

Tesla will release its first-quarter 2025 earnings report on next Tuesday, April 22. Investors will closely watch whether the company will maintain its growth outlook for the year amid declining sales in its major markets in the first quarter.

According to data compiled by LSEG, analysts have revised downward their expectations for Tesla's first-quarter results from an average of $0.69 per share three months ago to an average of $0.42 per share.

(Bian Pube)

Original source: https://www.toutiao.com/article/7494098922420306470/

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